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Figure 72Defending the Target Price in Face of Changing Supply Conditions

Question 88

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Figure 7.2.Defending the Target Price in Face of Changing Supply Conditions Figure 7.2.Defending the Target Price in Face of Changing Supply Conditions -Consider Figure 7.2.Suppose the supply of tin decreases from S<sub>0</sub> to S<sub>2</sub>.Under a buffer stock system,the buffer-stock manager could maintain the target price by: A) Purchasing 15 pounds of tin B) Purchasing 30 pounds of tin C) Selling 15 pounds of tin D) Selling 30 pounds of tin
-Consider Figure 7.2.Suppose the supply of tin decreases from S0 to S2.Under a buffer stock system,the buffer-stock manager could maintain the target price by:


A) Purchasing 15 pounds of tin
B) Purchasing 30 pounds of tin
C) Selling 15 pounds of tin
D) Selling 30 pounds of tin

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